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3141 E Broad St
Mansfield, TX 76063 South Fort Worth

 

General Retail For Sale  •  122,196 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 122,196 Sq Ft
  • Lot Size 20.15 ac
  • Building Class B
  • Year Built 2018
  • Tenancy Multiple
  • Zoning PD ZC#16-023
0 Transit Score
45 Walk Score

Description

HFF has been exclusively retained to offer qualified investors the opportunity to acquire Broad Street Marketplace (the “Property”), a 122,196 square-foot grocery anchored retail center located in Mansfield, TX, a suburb of Dallas-Fort Worth. The Property is anchored by a top-performing Market Street on a new 20-year NNN lease with 10% increases every ten years that comprises 65% of the total rentable area. The long-term grocer lease is complemented by service oriented, F&B, and medical/health retailers creating a dynamic internet resistant merchandising mix, which will provide a secure income stream. The Property caters to the surrounding affluent consumer base in the adjacent communities boasting $1.6 billion in spending power and average household incomes exceeding $127,000 in a 3-mile radius. Broad Street Marketplace presents the rare opportunity to acquire a
newly constructed grocery-anchored retail asset within the thriving Dallas-Fort Worth metroplex.

Highlights

STRATEGIC LOCATION ADJACENT TO SH 360 IMPROVEMENTS - Increased consumer demand! Tollway completed May 2018 reduces drive times by 25%!
DENSE AND GROWING TRADE AREA - explosive growth is due to Mansfield’s top-tier school district- ranked in the top 4% nationally!
EXCELLENT PROPERTY FUNDAMENTALS - New Construction, Superior Access & Visibility
INCOME SECURITY FROM MARKET STREET ANCHOR - Necessity Retail Anchor with Contractual base rent increases
HIGH QUALITY TENANT MIX - 93% of the retailers are national/regional
EXCEPTIONAL RETAIL SUBMARKET FUNDAMENTALS - SE Tarrant retail submarket vacancy rate of only 3.3%!

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Costa Vida 3,500 SF
Market Street 80,000 SF
Mattison Avenue 10,530 SF
Medical City 8,000 SF
Orangetheory Fitness 3,000 SF
Raising Cane's Chicken Fingers 3,500 SF
Villa Nail Salon 4,000 SF

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 829
Type: Surface
Included in Rent: Yes
Aaron Johnson 469-232-1987 JLL
Aaron Johnson 469-232-1987 JLL